All Eyes on Thursday Summit Quick Euro Deal Unlikely, Says Merkel

German Chancellor Angela Merkel has defied demands for a swift agreement on a new bailout for Greece, saying Thursday's emergency summit is unlikely to produce a final deal. A panel of government economic advisers thinks that a restructuring of Greek debt is necessary.
European leaders have a lot to talk about on Thursday.

European leaders have a lot to talk about on Thursday.

Jens Büttner/ dpa
cro -- with wire reports